Why China’s 4.3% growth is worrying its government | Explainer

AI Summary

China's 4.3% economic growth rate in 2024 is the slowest since the pandemic, falling below the government's target range of 4.5-5%. The country faces significant challenges from a real estate slowdown, reduced consumer demand, and labor market difficulties.

It's the slowest growth since 2022, when China was still in the grips of the pandemic, and below the government's already-lowered annual target of 4.5-5%; the country is facing multiple challenges of a real estate slowdown, sluggish consumption, and serious challenges in the job market